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PNB fraud accused Mehul Choksi slams Indian agencies probing alleged crime

Reuters  |  MUMBAI 

(Reuters) - Mehul Choksi, one of the central figures accused of involvment in an alleged fraud of nearly $2 billion against Punjab National Bank, criticised India's investigating agencies in a letter alleging gross abuse of due process in the ongoing probe.

In a letter to the (CBI), one of the lead agencies probing the alleged loan fraud, the said the seizure of his assets, and the shutting down of all his offices in has caused prejudice against him.

The March 7 dated letter, which was reviewed by Reuters, said investigating agencies were acting with a pre-determined mind and interfering with the course of justice.

In what has been dubbed the biggest fraud in India's banking history, (PNB) and police have accused two - one controlled by diamond tycoon and the other by his uncle Choksi - of colluding with some to secure credit from using fraudulent guarantees.

Both Choksi and have denied the allegations and lawyers for the two key accused PNB employees in the case have also said they are innocent. The authorities have said Choksi and left before the complaint against them was filed and their whereabouts are unknown.

A for the CBI was not immediately reachable for comment on Choksi's claims.

(Reporting by Abhirup Roy; Writing by Euan Rocha; Editing by Alex Richardson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 14:01 IST